The party selling a put option effectively commits to buying a parcel of the shares at the price specified in the terms of the negotiated option. When IGO was (say) $16, the seller of the option likely wasnt expecting a massive retrace; whereas the buyer of the put option was betting that the price of IGO would fall to the point that they could exercise their option to sell.
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Last
$5.56 |
Change
-0.160(2.80%) |
Mkt cap ! $4.225B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.70 | $5.53 | $3.935M | 705.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 11988 | $5.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.56 | 4068 | 13 |
View Market Depth
| Last trade - 10.57am 04/10/2024 (20 minute delay) ? |
| IGO (ASX) Chart |